Snam S.p.A. (OTCMKTS:SNMRF) Short Interest Down 21.0% in September

Snam S.p.A. (OTCMKTS:SNMRF) saw a significant drop in short interest in September. As of September 15th, there was short interest totalling 23,968,300 shares, a drop of 21.0% from the August 31st total of 30,342,300 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 239,683.0 days.

Snam Stock Performance

SNMRF remained flat at $4.96 during midday trading on Friday. The company’s fifty day moving average is $4.80 and its 200 day moving average is $4.70. Snam has a 1 year low of $4.45 and a 1 year high of $5.27.

About Snam

Snam S.p.A., together with its subsidiaries, engages in the operation of natural gas transport and storage infrastructure. The company operates through Transportation, Storage, Regasification, Energy Transition, and other segments. It provides natural gas transportation and dispatching services; and owns and manages liquified natural gas (LNG) regasification plants.